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 Developer Foul Play On LAD, LAD

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Rayzio
post Mar 26 2015, 10:45 AM

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MCT can argue saying that they've already issued u a Credit Note for the discount previously, which had effectively reduced your Purchase Price. They are not wrong entirely as well.

Unless u got no discount previously, then u can fight. Good luck bro.
Rayzio
post Mar 26 2015, 10:51 AM

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QUOTE(whyang80 @ Mar 26 2015, 10:40 AM)
I blasted back at them today. They informed last time when we bought that time , they already gave out discounts to us so it's fair to calculate based on Nett Price. I blasted back that then you should changed your S&P. I bought with discounts and never expect to have 5 months delay and that i have to fork out interest for the last 5 months because DIBS has expired. I hope everyone will share this information to everyone to be aware of this developer MCT. Look at their FB website..everything seems so nice from the outside. It's actually shitty inside. Hokkien ppl called it " Chao Ka" - Kaki Busuk. Wish everyone share this information out to all. Thanks

I will go to Tribunal
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IMHO, if they changed your SPA, it'll affect your Loan Amount as well, especially if u took full loan previously since bank will refer to the SPA.

For the late VP & extra payment of interest, I believe one of the main reasons for LAD by developer is to compensate buyer for this as well. Give & take. smile.gif
Rayzio
post Mar 26 2015, 11:30 AM

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QUOTE(Chris Chew @ Mar 26 2015, 10:53 AM)
Bro, is the dev willing to pay full 5 mths late charges based on discount price ?

If it is, then I advise u to take it. Else, legal process delay longer and u have to pay legal charges and the processing period also unable to get the key while paying the full bank installments. Not advantage as a buyer.

Btw, I feel its fair if they give LPI based on discounted price since that was the actual purchase price. If it reflected into the S&P, then all purchasers kenot pay 2% and enjoy 8% disc while obtained 90% loan dy.
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Rayzio
post Apr 4 2015, 05:48 PM

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QUOTE(WannaGetBuffed @ Apr 1 2015, 11:03 AM)
TS states that he wants to seek advice, but apparently not accepting any. So let him do his way. Some people need to get it the hard way only will listen.

Yes it's unethical of MCT yada,yada,yada. Suck it up and move on. Point is already delivered across so there is no point going further to waste time.
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